Livonia Michigan Bankruptcy - Michigan Bankruptcy Blog

Livonia Michigan Bankruptcy

Michigan Bankruptcy Blog

Archive for March, 2014

Bankruptcy Law Firms filing for Bankruptcy in Michigan!

Posted by Peter Behrmann, Esq. On March 19th

Bankruptcy Law Firms filing for Bankruptcy!Bankruptcy Court

 

Jacoby & Meyers Bankruptcy, also known as Legal Helpers or Macey Bankruptcy was forced into Chapter 7 Bankruptcy last week by their creditors.  This firm had multiple offices throughout the Detroit area and their clients are now being turned over to new law firms to represent them.  This follows Frego & Associates, Michigan’s largest bankruptcy law firm filing their own Chapter 11 Bankruptcy in December to work out their own creditor issues.

 

What is really going on here with all of these Bankruptcy law firms ending up in Bankruptcy?  The reality is both of these firms were spending a lot of money each month on advertising to keep the new clients coming in.  Don’t get me wrong, I advertise too, but not nearly to the level of the two firms mentioned above.  On top of these firms spending huge amounts in advertising, bankruptcy filings are down.  For example, in 2009 51,596 bankruptcies were filed in the Eastern District of Michigan; whereas, in 2013 31,768 bankruptcies were filed.  That is a thirty-nine (39%) decline in cases which the large firms have not been able to adjust to.

 

Our situation at Phoenix Law is quite different.  We are a small firm with two attorneys that practice exclusively in the field of bankruptcy.  Our filings are down too, well sort of.  In 2009 we were filing an average of 17 cases per month; whereas, in 2013 we filed an average of 15 cases per month.  So we are down about twelve percent (12%), when the market is down thirty-nine (39%).  In my mind that makes me feel like I am actually up fourteen (14%), since I am not slowing down as quickly as the market is.  However that fact is, we have been able to adjust. Most importantly we continue to take care of our clients which is the number one reason we receive new clients!  We receive countless referrals from prior clients.  Our prior clients are not only happy with the fresh start that our firm provided them with but feel comfortable enough to suggest to a family member or friend to seek out our services.   To us this the number one reason were staying busy in a bankruptcy market that is down over thirty-nine percent (39%).

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy.

2013 FEDERAL TAX REFUNDS IN CHAPTER 13 CASESMoney in Chapter 13

 

It’s tax time and time to remind you of the number one reason most Chapter 13 cases are dismissed without discharge.  The number one reason is because of the failure to submit Federal Tax Returns and Federal Refunds to the Chapter 13 Trustee.  Per your Chapter 13 Plan, you probably required to submit your Federal Tax Return and any Federal Refund you receive to your Chapter 13 Trustee.  Even if you do not receive a Federal Refund, you must submit your Federal Tax Return to the Chapter 13 Trustee.

 

If you have any questions on if you need to send in your 2013 Federal Tax Refund please call us, we will review your case and remind you of your responsibilities.

 

Please see below for the addresses of the Chapter 13 Trustees that service the Detroit area.  If you have any questions or do not remember who your Chapter 13 Trustee is please contact our office.   Our goal is to make sure all of our cases get to discharge, including yours!

 

 

IF YOUR TRUSTEE IS KRISPEN S. CARROLL

 

Please mail a copy of your Federal Tax Return to:

Krispen S. Carroll

719 Griswold

1100 Chrysler House

Detroit, MI 48226

 

Please mail your Federal refund to:

Krispen S. Carroll

PO Box 2018

Memphis, TN 38101-2018

 

Make your payment payable to Krispen S. Carroll.  Make sure to write your Case No. and 2013 Federal Tax Refund on your payment.

 

 

IF YOUR TRUSTEE IS DAVID WM RUSKIN

 

Please mail a copy of your Federal Tax Return to:

David Wm Ruskin

1100 Travelers Tower

26555 Evergreen Road

Southfield, MI 48076-4251

 

Please mail your Federal refund to:

David Wm Ruskin

1593 Reliable Parkway

Chicago, Illinois 60686-0015

 

Make your payment payable to David Wm Ruskin.  Make sure to write your Case No. and 2013 Federal Tax Refund on your payment.

 

IF YOUR TRUSTEE IS TAMMY L. TERRY

 

Please mail a copy of your Federal Tax Return to:

Chapter 13 Trustee-TLT

535 Griswold

Suite 2100

Southfield, Mi 48076

 

Please mail your Federal refund to:

Chapter 13 Trustee-TLT

PO Box 2039

Memphis, Tennessee 38101-2039

 

Make your payment payable to Chapter 13 Trustee-TLT.  Make sure to write your Case No. and 2013 Federal Tax Refund on your payment.

 

 

IF YOUR TRUSTEE IS CARL L. BEKOFSKE

 

Please mail a copy of your Federal Tax Return to:

Chapter 13 Trustee – Flint

400 N. Saginaw Street, Suite 331

Flint, MI 48502

 

 

Please mail your Federal refund to:

Chapter 13 Trustee – Flint

PO Box 2175

Memphis, TN 38101-2175

 

Make your payment payable to Chapter 13 Trustee – Flint.  Make sure to write your Case No. and 2013 Federal Tax Refund on your payment.

 

 

Peter Behrmann is a Livonia Bankruptcy Attorney.  From my Livonia, Michigan location, I represent clients throughout Metro Detroit and beyond, including Garden City, Wayne, Westland, Redford, Dearborn, Taylor, Ann Arbor, Belleville, Northville, Novi, Farmington, Farmington Hills, Plymouth, Canton, and the Counties of Wayne, Oakland, Livingston, and Washtenaw. My practice is limited to helping consumers like you file Chapter 7 and Chapter 13 Bankruptcy.